The following information is from the records of Chumney Pho…
The following information is from the records of Chumney Photography: Accounts Receivable, December 31, 2019 $22,000 (debit)Allowance for Bad Debts, December 31, 2019 prior to adjustment 800 (debit)Net credit sales for 2019 95,000Accounts written off as uncollectible during 2019 450 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $2,850 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts. (Hint: You have the balance of the Account Receivable at the end of year and you have the target in the Allowance account)) A) $19,950B) $19,150C) $18,350D) $17,900
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